German industrial production and UK manufacturing in the limelight – Danske Bank

Research Team at Danske Bank, suggests that the German industrial production and UK manufacturing data will be in focus for today’s session.

Key Quotes

“German industrial production data is expected to return to growth. The July figures disappointed with a 1.5% m/m decline, significantly below expectations. However, the PMI figures and expectations for factory orders point to growth in industrial production in August.

After three consecutive declines, UK manufacturing data for August will also be closely followed. The decline may be due to Brexit, although the data series tends to fluctuate significantly. That said, the rebound in manufacturing PMI and the weaker pound points to a rebound in the actual production data.”